Carlyle Co-Founder Talks About Crypto Investment

David Rubenstein, the wealthy co-founder of Carlyle, says he has personally invested in cryptocurrency startups and does not expect Congress to overregulate the sector.

Even though the market has been “beaten down severely,” Rubenstein stated on CNBC’s Squawk Box on Thursday that he is optimistic about the industry’s future since younger generations are working hard to create and foster new ideas.

The cryptocurrency market began to fall in 2022 as investors worried about the consequences of the Fed’s aggressive monetary tightening policy. As a result, Bitcoin and altcoins have plummeted from their all-time highs. Most digital assets are currently losing value as the market is under constant selling pressure.

According to the multibillionaire investor, he is interested in tokens and firms that operate in the industry. Rubenstein added that “some of the blockchain-related investments and things associated with crypto are likely to be with us for some time.”

The co-founder of Carlyle Group, a worldwide investment business with $376 billion in assets under management, also praised Sam Bankman-Fried for intervening to support the cryptocurrency industry and pump money into suffering companies.

Rubenstein also anticipates that Congress will regulate the space fairly, given existing fears that regulators could stifle innovation and restrict the market. This comes as more nations worldwide continue to create a favorable environment for cryptocurrencies to flourish.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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